USDJPY - Technical Analysis: Monday, 13/03/2017 06:20 GMT

The USDJPY pair trades at the important support ground 114.54 to retest it, while RSI moves towards the oversold areas, and we notice that the exponential moving average 100 meets the mentioned support, these factors support the continuation of the expected bullish trend on the short term basis, which its next target located at 118.66.

It is important to note that breaking 114.54 will stop the expected rise and push the price back to the correctional bearish track that its next target located at 112.00.